Re: 50% returns on small amounts?
Carl Icahn's hedge fund was up 56% last year and he took 50% profits. He is on pace to break that this year. He owns more than 13% in BEAS, which just recieved a buyout offer from Oracle. Icahn is up more than 50% in this holding since taking a stake in that company. This should boost his whole portfolio up by 3-4%.
You're stupid if you don't think Icahn can average 50% returns over any period of time(even 50+ years) if he was controlling a more modest amount, like 1,000,000.
And you don't just have to be a hedge fund manager or insanely talented. Look for emerging markets, learn T/A, learn F/A, seek undervalued stocks, insider buying, listen to the conference calls, learn options, and always follow the global/domestic economy.
Averaging 50% per year is DEFINITELY sustainable.
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